Thunder Bridge Capital Partners V, Ltd.

Previous wording

We have neither engaged in any operations nor generated any revenues to date. Our only activities from June 4, 2024 (inception) through June 30, 2026 were organizational activities and those necessary to prepare for the Initial Public Offering, described below. We do not expect to generate any operating revenues until after the completion of our Business Combination. Subsequent to the Initial Public Offering, we expect to generate non-operating income in the form of interest and/or dividend income on investments held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

Current wording

We have neither engaged in any operations nor generated any revenues to date. Our only activities from June 4, 2024 (inception) through September 30, 2026 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and, subsequent to the Initial Public Offering, identifying a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. Subsequent to the Initial Public Offering, we expect to generate non-operating income in the form of interest and/or dividend income on investments held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

Previous wording

Until the consummation of the Initial Public Offering, our only sources of liquidity were the initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor. As of June 30, 2026, the Company had $226 in cash and working capital deficit of $224,010.

Current wording

Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor. Subsequent to the consummation of the Initial Public Offering, our liquidity has been satisfied through the net proceeds from the Initial Public Offering and the sale of the Private Placement Units held outside of the Trust Account. As of September 30, 2026, we had $976,182 in cash held outside of the Trust Account and working capital of $1,120,539.

Previous wording

For the six months ended June 30, 2026, net cash used in operating activities was $4,774. Net loss of $78,276 was affected by the payment of formation, general and administrative costs through promissory note – related party of $12,420, and changes in operating assets and liabilities of the Company of $61,082.

Current wording

For the nine months ended September 30, 2026, net cash used in operating activities was $593,420. Net income of $978,739 was affected by interest earned on investments held in the Trust Account of $1,352,927 and the payment of formation, general and administrative costs through promissory note – related party of $12,420. Changes in operating assets and liabilities used $231,652 of cash for operating activities.

Previous wording

For the six months ended June 30, 2025, net cash used in operating activities was $0. Net loss of $3,850 was offset by changes in operating assets and liabilities of the Company of $3,850.

Current wording

For the nine months ended September 30, 2025, net cash used in operating activities was $0. Net loss of $3,850 was offset by changes in operating assets and liabilities of the Company of $3,850.

Previous wording

Subsequent to the quarterly period covered by this Quarterly Report on Form 10-Q, on August 14, 2026, we consummated the Initial Public Offering of 30,015,000 Units, which included the full exercise by the underwriters of their over-allotment option in the amount of 3,915,000 Units, at $10.00 per Unit, generating gross proceeds of $300,150,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 747,000 private placement units, at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor and to Cantor Fitzgerald & Co. (“Cantor”), the representative of the underwriters in the Initial Public Offering, generating gross proceeds of $7,470,000.

Current wording

On August 14, 2026, we consummated the Initial Public Offering of 30,015,000 Units, which included the full exercise by the underwriters of their over-allotment option in the amount of 3,915,000 Units, at $10.00 per Unit, generating gross proceeds of $300,150,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 747,000 Private Placement Units, at a price of $10.00 per Private Placement Unit in a private placement to the Sponsor and to Cantor Fitzgerald & Co. (“Cantor”), the representative of the underwriters in the Initial Public Offering, generating gross proceeds of $7,470,000.

Previous wording

Following the Initial Public Offering, a total of $300,150,000 from the net proceeds of the sale of the Units, and a portion of the net proceeds from the sale of the Private Placement Units was placed in the Trust Account. We incurred total transaction costs of $18,663,553, consisting of $5,220,000 of cash underwriting fee, $12,789,000 of deferred underwriting fee and $654,553 of other offering costs.

Current wording

Following the Initial Public Offering, a total of $300,150,000 from the net proceeds of the sale of the Units, and a portion of the net proceeds from the sale of the Private Placement Units was placed in the Trust Account. As of September 30, 2026, we had investments held in the Trust Account of $301,502,927, consisting of a money market fund that invests in U.S. Treasury securities. Through September 30, 2026, we had not withdrawn any interest earned on the Trust Account. We incurred total transaction costs of $18,663,553, consisting of $5,220,000 of cash underwriting fee, $12,789,000 of deferred underwriting fee and $654,553 of other offering costs.

Previous wording

Commencing on August 13, 2026, the date on which the Company’s securities are listed on Nasdaq, the Company agreed to pay the Sponsor or an affiliate of the Sponsor a total of $30,000 per month for office space, utilities and shared personnel support services. Upon completion of the initial Business Combination or its liquidation, the Company will cease paying these monthly fees. As of June 30, 2026, no amount has been accrued for these services.

Current wording

Commencing on August 13, 2026, we agreed to pay the Sponsor or an affiliate of the Sponsor a total of $30,000 per month for office space, utilities and shared personnel support services. Upon completion of the initial Business Combination or our liquidation, we will cease paying these monthly fees. For the three and nine months ended September 30, 2026, we incurred and paid $60,000 for these services. As of September 30, 2026, no amount has been accrued for these services.

Previous wording

Commencing on August 13, 2026, the date on which the Company’s securities are listed on Nasdaq, the Company agreed to pay to an affiliate of the Company’s Chief Executive Officer, a total of $30,000 per month for advisory services. Upon completion of the initial Business Combination or its liquidation, the Company will cease paying these monthly fees. As of June 30, 2026, no amount has been accrued for these services.

Current wording

Commencing on August 13, 2026, we agreed to pay to an affiliate of our Chief Executive Officer, a total of $30,000 per month for advisory services. Upon completion of the initial Business Combination or its liquidation, we will cease paying these monthly fees. For the three and nine months ended September 30, 2026, we incurred and paid $60,000 for these services. As of September 30, 2026, no amount has been accrued for these services.

Previous wording

The Company granted the underwriters a 45-day option to purchase up to 3,915,000 additional Units to cover over-allotments, if any. On August 14, 2026, the underwriters exercised their over-allotment option in full, closing on the 3,915,000 additional Units simultaneously with the Initial Public Offering.

Current wording

We granted the underwriters a 45-day option to purchase up to 3,915,000 additional Units to cover over-allotments, if any. On August 14, 2026, the underwriters exercised their over-allotment option in full, closing on the 3,915,000 additional Units simultaneously with the Initial Public Offering.